VaultsPay and Mastercard Announce Strategic Partnership to Expand Digital Payments in the UAE

Dubai, UAE — VaultsPay, a leading fintech innovator, has entered into a strategic partnership with Mastercard, one of the world’s most trusted technology companies in the global payments industry. The two organizations formalised their collaboration marking a milestone that will significantly enhance digital payment capabilities and support financial inclusion across the UAE.

Through this partnership, VaultsPay will leverage Mastercard’s world-class network and technology to issue virtual and physical payment cards, further expanding its comprehensive portfolio of acquiring, digital payment, and consumer-focused solutions.

Driving Innovation and Financial Inclusion

The partnership enables VaultsPay to introduce a wide range of card products designed to meet the evolving needs of consumers and businesses. By integrating Mastercard’s secure, scalable, and globally accepted payments infrastructure, VaultsPay will deliver seamless, reliable, and innovative card solutions that empower users across both retail and digital ecosystems.

The collaboration reinforces a shared commitment to advancing cashless economies and supporting the UAE’s vision of building a digitally empowered financial landscape. It will accelerate the adoption of secure, frictionless payment experiences while maintaining the highest standards of security and compliance.

Voices from the Leadership

His Excellency Ali Hamad Mubarak Almheiri, Chairman of VaultsPay, said:

"This landmark partnership with Mastercard represents a strategic step forward in VaultsPay’s mission to reshape the digital payments landscape. Together, we are driving innovation that strengthens financial inclusion and enables faster access to secure, modern financial products for consumers and businesses alike."

Sailesh Malhotra, CEO of VaultsPay, added:

"We are thrilled to collaborate with Mastercard in bringing world-class card issuance capabilities to our platform. This agreement reinforces our commitment to expanding access to digital financial services, delivering new value to merchants, and setting new benchmarks for excellence in the payments ecosystem."

Gina Petersen-Skyrme, SVP and Country Manager, UAE and Oman, added: “

At Mastercard, we are dedicated to equipping fintech companies like VaultsPay with the tools and technology needed to fuel the local payment ecosystem. Building on our commitment to connect and protect an additional 500 million people and small businesses by 2030, this collaboration underscores our shared vision for advancing digital transformation and financial inclusion through secure and accessible payment options.”

 

About VaultsPay

VaultsPay is a leading financial technology platform offering comprehensive digital payment solutions that simplify financial transactions for individuals and businesses. With a focus on innovation, security, and accessibility, VaultsPay provides end-to-end card issuance, merchant acquiring, and digital wallet solutions tailored for the modern financial ecosystem. The company empowers clients with flexible, scalable, and secure payment instruments that enable seamless transactions across e-commerce, retail, and mobile environments.

vaultspay.com

About Mastercard

Mastercard is a global technology company in the payments industry, working to connect and power an inclusive, digital economy that benefits everyone, everywhere. The company ensures that transactions are secure, simple, smart, and accessible for individuals, financial institutions, and governments across more than 200 countries and territories. Through innovation and trusted partnerships, Mastercard helps people, businesses, and communities realise their greatest potential.

mastercard.com